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The average house price was £293,999, surpassing a previous peak in June 2022. Property values increased by 3.9% annually, slowing from a 4.6% increase in September.
The gap between average income and average housing prices changed between 1985 and 2015 from twice an average salary to up to six times average income. Median house prices in London the median house now cost up to 12 times the median London salary. In 1995, the median house price was £83,000, 4.4 times the median income.
Across the UK, the average house price in November was £268,144. Robert Gardner, Nationwide’s chief economist, said: “House prices are just 1% below the all-time high recorded in the summer ...
House in Hampstead Garden Suburb, London. After adjusting for inflation, the average cost of a home increased by a factor of 3.4 between 1950 and 2012. [58] In September 2015 the average house price was £286,000, and affordability of housing as measured by price to earnings ratio was 5.3. [59]
London (Greater London Authority) United Kingdom: 8.2 11 Honolulu United States: 8.0 12 San Diego United States: 7.3 13 Bournemouth and Dorset United Kingdom: 6.9 13 Adelaide Australia: 6.9 15 London Exurbs (east and southeast England) United Kingdom: 6.6 16 Bristol and Bath United Kingdom: 6.5 17 Brisbane Australia: 6.3 18 Plymouth and Devon ...
Nationwide said it is becoming harder for homeowners to trade up, with price gaps between different property types moving to a record high. Average UK house price ‘surged by £33,000 over past ...